Get in TransAlta Renewables!Oil dropped today on supplies build up and demand is going to plummet from last week and the coming weeks with the Corona Virus damage in China. Now is the time to get into renewables companies like TransAlta Renewables.
One of the advantages TransAlta Renewables has over other renewables is that natural gas makes up around 50% of its utilities/energy offerings. Some of the "sustainable" investors may not like this because it might not be considered a "pure" renewables company (hydro, wind. solar). However, having natural gas in its portfolioof utilities is key to its revenue and growth and willl likely help the company fund future projects and will ensure it survives and thrives compared to some pure renewable stocks.
The 5.76% dividend yield is super attractive and I love that it is paid monthly. I will be using the dividends to keep buying more and compounding the returns through 2020.
That's my take! GLTA